News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Oct- 2025 -3 October
Brunello Cucinelli revenues pass €1bn
Brunello Cucinelli has reported revenues above €1bn (£870m) for the first nine months of 2025, marking a year-on-year increase of 10.8% at current exchange rates and 11.3% at constant rates. The Italian fashion house said all regions contributed to growth, with sales in Asia up 15.6%, the Americas rising 9.2%…
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3 October
Asda rolls out new electronic shelf labels across Express stores
Asda has announced the rollout of electronic shelf edge labels (ESLs) across its largest and busiest Express convenience stores. The rollout will see 250 stores benefit from the new technology, which will simplify operations for colleagues. Working with VusionGroup and its partners, Renovotec and HL Display, the rollout follows a…
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3 October
New Balance UK sales surpass £1bn for first time
New Balance’s UK subsidiary has reported sales exceeding £1bn for the first time, with turnover reaching £1.02bn in the year to 31 December 2024. Profit before tax also rose from £148.2m to £192.3m, while profit after tax increased to £143.9m, up from £114.4m in 2023. In the UK, turnover increased…
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3 October
Waitrose opens new multi-million pound store in London
Waitrose has announced the opening of Wandsworth New Acres, a brand new 2,500 sq ft Little Waitrose convenience shop situated in a new neighbourhood development. The company has revealed that Chris Kern is moving across from the Hampton Hill Little Waitrose shop to be branch manager of Little Waitrose Wandsworth…
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3 October
Uniqlo opens biggest Scottish store in Glasgow
Uniqlo has officially opened its largest Scottish store at the St Enoch Centre in Glasgow. Spread across two floors on Argyle Street, the new store is the Japanese fashion retailer’s second Scottish outlet following the opening of its Princes Street store in Edinburgh last year. It is the 23rd site…
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2 October
DoorDash finalises Deliveroo takeover as new CEO appointed
DoorDash’s takeover of Deliveroo has been formally completed following court approval. Following the move, Miki Kuusi, a co-founder of Finnish delivery company Wolt, which was acquired by DoorDash in 2022, has been appointed as CEO of Deliveroo. Writing on LinkedIn, Kuusi said: “For me personally, this is also the start of…
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2 October
Reeves set to scale back business rates plans for large retailers
Chancellor Rachel Reeves is reportedly planning to scale back plans to raise business rates on big retailers after warnings it could push up food prices, according to the Financial Times. The news comes after the Treasury had planned to put properties worth more than £500,000 into the highest tax band…
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2 October
Dr Martens inks UAE and Latin America distribution deals
Dr Martens has signed a distribution agreement with Beside Group to launch in the United Arab Emirates (UAE), marking its first entry into the market. The footwear brand said the partnership will begin with wholesale, with plans for mono-branded stores in the future. Beside Group, which works with international fashion…
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2 October
John Lewis appoints new chief people officer
The John Lewis Partnership has announced the appointment of Helen Webb OBE as its new chief people officer, joining the partnership on 24 November. Webb was most recently chief people officer at WHSmith, supporting the business through large scale employee changes, and prior to that was chief people and services…
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2 October
Tesco ups FY guidance as market share rises
Tesco has raised its full-year profit outlook after reporting strong sales across the business in its half-year results, which have seen it increase its market share over the period.Group sales, excluding VAT and fuel, rose by 5.1% to £33.1bn. The supermarket also saw adjusted operating profit hit £1.67bn for the…
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